Wake up to Mike Allen’s AM, the 10 stories driving your day

Stories

The biggest winners from the tax cuts

These are the states where taxpayers will see the biggest benefits from the new tax code, according to an analysis by the Tax Policy Center. High-income households do best, particularly those in the 95th to 99th income percentile, and the average tax cut across all states will be 1.8% of after-tax income.

Why this matters: Tax cuts, and how they impact voters' personal finances, are Republicans' biggest argument as to why voters should keep them in office. While most people are receiving a cut in 2018, the degree varies.

Yes, but: The states in which the highest number of people will receive tax increases include California, New York and New Jersey, where House Republicans are defending seats key to keeping their majority.